Category Archives: Private Equity

Vista Equity takes minority stake in Canada’s Vena with $242M investment

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Vena, a Canadian company focused on the Corporate Performance Management (CPM) software space, has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings […] Continue reading Vista Equity takes minority stake in Canada’s Vena with $242M investment→

With $30M extension, BigID boosts Series D to $100M at $1.25B valuation

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When we last heard from BigID at the end of 2020, the company was announcing a $70 million Series D at a $1 billion valuation. Today, it announced a $30 million extension on that deal valuing the company at $1.25 billion just 4 months later. This chunk of money comes from private equity firm Advent […] Continue reading With $30M extension, BigID boosts Series D to $100M at $1.25B valuation→

Announcing our TC Sessions: SaaS virtual event happening October 27

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Software-as-a-Service (SaaS) is now the default business model for most B2B and B2C software startups. And while it’s been around for a while now, its momentum keeps accelerating and the ecosystem continues to expand as technologists and marketers are getting more sophisticated about how to build and sell SaaS products. For all of them, we’re […] Continue reading Announcing our TC Sessions: SaaS virtual event happening October 27→

Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical

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When Box announced it was getting a $500 million investment from private equity firm KKR this morning, it was hard not to see it as a positive move for the company. It has been operating under the shadow of Starboard Value, and this influx of cash could give it a way forward independent of the […] Continue reading Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical→

KKR hands Box a $500M lifeline

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Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value. The company plans to use the proceeds in what’s called a “dutch auction” style sale to buy back […] Continue reading KKR hands Box a $500M lifeline→

Box shares rise on report company is exploring sale

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Shares of Box, a well-known content-and-collaboration company that went public in 2015, rose today after Reuters reported that the company is exploring a sale. TechCrunch previously discussed rising investor pressure for Box to ignite its share price after years in the public-market wilderness. At the close today Box’s equity was worth $23.65 per share, up […] Continue reading Box shares rise on report company is exploring sale→

McAfee sells enterprise biz to Symphony Technology Group for $4B

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Security firm McAfee announced this morning that will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. It should pair well with RSA, another enterprise-focused security company the private equity firm purchased last February for $2 billion. McAfee President and Chief Executive Officer, Peter […] Continue reading McAfee sells enterprise biz to Symphony Technology Group for $4B→

Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

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Edtech is so widespread, we already need more consumer-friendly nomenclature to describe the products, services and tools it encompasses. Continue reading Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more→

Citrix is acquiring Wrike from Vista for $2.25B

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Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion. Vista bought the company just two years ago. Citrix, which is best known for its digital workspaces, sees this as a good match, especially at a time where employees have been forced to work […] Continue reading Citrix is acquiring Wrike from Vista for $2.25B→